Retirement plan

GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN & TRUST

Name: GASBARRE PRODUCTS, INC. - GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: GASBARRE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN & TRUST, GASBARRE PRODUCTS, INC.

GASBARRE PRODUCTS, INC.EIN 25-1256812Plan #001PY 2024

590 DIVISION STREET, PO BOX 1022 - DUBOIS, PA 15801814-371-3015

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.5M

+6.0% from 2023

Total participants

296

+2.1% from 2023

Average account balance

$52,699

+2.1% from 2023

Annual return

14.14%

-2.88 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$15.49M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$53K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

294

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$958K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.14%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$185

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8 years Service code 15 · EIN 13-3689044	Recordkeeping	$52,639
STIFEL NICOLAUS & CO INC7 years Filed as: STIFEL, NICOLAUS & COMPANY, INC. Service code 22 · EIN 43-0538770	Insurance Broker	$35,168
DUNBAR, BENDER & ZAPF, INC.7 years Service code 15 · EIN 25-1650062	Recordkeeping	$1,885

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$55K

$330 / participant

Contract admin$55K100.0%

% of EOY assets

0.352%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLYDE, FERRARO & CO., LLP
Auditor EIN: 251669808
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,699

$79,209-33.5%

$102,434-48.6%

$74,459-29.2%

Participation rate

98.8%

74.8%+24.0pp

76.5%+22.3pp

67.2%+31.6pp

Annual return

14.14%

54.98%-40.8pp

29.46%-15.3pp

1369.70%-1355.6pp

Employer contribution / active EE

$1,340

$2,362-43.3%

$3,023-55.7%

$2,626-49.0%

Participant deferral / active EE

$4,467

$4,417+1.1%

$5,055-11.6%

$4,350+2.7%

Admin fee / account holder

$185

$2,002-90.7%

$9,462-98.0%

$1,945-90.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8 years

Service code 15 · EIN 13-3689044

Recordkeeping

$52,639

STIFEL NICOLAUS & CO INC7 years

Filed as: STIFEL, NICOLAUS & COMPANY, INC.

Service code 22 · EIN 43-0538770

Insurance Broker

$35,168

DUNBAR, BENDER & ZAPF, INC.7 years

Service code 15 · EIN 25-1650062

Recordkeeping

$1,885

GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GASBARRE PRODUCTS, INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion